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Dollar losses build as Trump crisis stokes fears for agenda

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AFP
May 17, 2017

The dollar sank Wednesday with a fresh crisis in the White House fuelling concerns that Donald Trump’s economy-boosting agenda could be run off-track.

The administration was once again rocked by allegations over its links to Russia after it was reported Trump had divulged classified information to the nation’s foreign minister.

That was followed late Tuesday by claims by recently-fired FBI boss James Comey that Trump pressed him to drop a probe into ex-national security advisor Michael Flynn over his links to Moscow.

While the Oval Office has furiously denied any wrongdoing, there is a growing sense of crisis that even raised questions over a possible impeachment, throwing into doubt Trump’s plans for tax cuts, big spending and red-tape slashing.

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This article was posted: Wednesday, May 17, 2017 at 8:16 am





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